Jubilant Foodworks stock ends 4% lower despite recording substantial growth in Q3 earnings

2 Feb 2022 , 04:26 PM

Jubilant Foodworks Limited, India’s largest foodservice company, announced its results for the quarter ending December 2021 today, following which its stock tanked 4.08% or Rs 140.40 to close at Rs 3,300 against its previous closing price of Rs 3,440.40 on Wednesday.

Revenue from operations was Rs 1,193.5cr for Q3 FY’22 against Rs 1,057.20cr for Q3 FY’21 reflecting a growth of 12.9% YoY on the back of an improved recovery in the Dine-in channel, which is supported by a strong growth momentum.

EBIDTA for the quarter ended December 2021 stood at Rs 317.40 crore against Rs 278.60 crore for the previous corresponding quarter, up by 13.90% YoY.

Company’s PAT stood at Rs 137.30 crore for the quarter ending December 2021 as against Rs 125.10 crore for the previous corresponding quarter, reflecting a growth of 9.8% over the last year. PAT margin for the quarter was reported at 11.5%.

The company has delivered a robust overall Q3 performance along with new record expansions of Domino’s store network. The company continues to thrive and set new industry-wide benchmarks, cross milestones, and remain excited about the opportunities on the road ahead. Jubilant is also making disciplined strategic investments that will lead the company’s growth, strengthen capabilities, and continue to create value for its stakeholders.

“Jubilant is proud of its strong performance in Q3FY22 despite the pandemic-stricken industry. We were able to deliver healthy revenue growth and strong profitability despite COVID-induced restrictions and significant inflationary headwinds while accelerating our network expansion. We made some crucial strategic investments during the quarter. The recent launch of Popeyes and our surpassing of 1500th Domino’s stores milestone in India underscores our confidence as the company stays committed to driving sustainable, profitable growth in the business,” commented on the Q3FY22 performance, Mr. Pratik Pota, CEO and Wholetime Director, Jubilant Foodworks Limited.